Did anyone see SJ getting Pilloried on CNN last night?

Discussion in 'General Mac Discussion' started by Gidman, Apr 24, 2003.

  1. macrumors member

    Joined:
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    New York, the City so nice they named it twice
    #1
    Just wondering if anyone else was struck by the conversation Paula Zahn and Jack Welch about his $78M compensation versus shareholder loss? This may be more apprpriate in another section, so please feel free to move it.

    I just thought that Jack Welch did a fairly passable job of defending Steve, although he didn't have that many things to say about Apple (called them almost dead a couple of times...)

    Gid
     
  2. macrumors 68000

    MacFan25

    Joined:
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    #2
    No, I didn't see it. Hopefully nothing ad about Steve was said. :D
     
  3. macrumors 603

    janey

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    Location:
    sunny los angeles
    #3
    Re: Did anyone see SJ getting Pilloried on CNN last night?

    look almost every single journalist says bad things about apple, even when they're doing better than most of the companies in the industry.
    live with it...everyone does it.
    they all have PC's and they've never used Macs and all they do is diss the Mac and Apple because they have all these preconceived notions as to how the company should be...
     
  4. macrumors 603

    shadowfax

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    Houston, TX
    #4
    Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    much like your preconceived notion that all (most all) journalists say bad things about apple, use PCs, and do nothing else but diss apple.

    i bet most hardly think about apple, or bother to diss them.
     
  5. macrumors 603

    janey

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    #5
    Re: Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    have you ever read a non-biased review of any of apple's products outside of any computer magazines?
    have you read any article where the journalist was partial to apple?
     
  6. macrumors 603

    shadowfax

    Joined:
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    #6
    Re: Re: Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    yes.

    www.macworld.com
    sorry, don't have a subscription to the NY times, but http://www.macnn.com/news.php?id=16051
    this is fair: http://www.osnews.com/story.php?news_id=1611
    hmmmm..... http://www.macobserver.com/article/2003/03/11.11.shtml
    errrr...... http://www.bayarea.com/mld/mercurynews/business/5704769.htm

    did you mean something different?
    [edit] missed the computer based thing, but there's a NY times article there, and whatever the hell that mercury news thing is. they didn't look tech based.[/edit]
     
  7. macrumors 6502a

    wsteineker

    Joined:
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    Location:
    Montgomery, AL
    #7
    Walt Mossberg of Time and The Wall Street Journal is usually quite fair (even complementary) when it comes to Apple. The good people at the San Jose Mercury news are usually unbiased when it comes to reporting on the business aspect of Apple, and they're usually glowing in their reviews of Apple products. Even David Coursey at ZDnet is a huge Apple fan as of late. CNet is usually pretty fair, too. All that to say that there are some fairly prominent journalists and outlets that are totally fair when it comes to Apple, if not downright favorable. :)
     
  8. macrumors 65816

    yzedf

    Joined:
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    Location:
    Connecticut
    #8
    apple makes money from the $4B they have in the bank compounding interest. that money is a hold-over from the glory days...

    anything new is treading water, after taking into account the interest... look at the financial reports for the last few quarters.

    computer companies either grow or not. staying even or losing slightly is considered a very bad thing (tm). that is just the way it is. true / fair or not.

    even the lessons of the dot-com crash have not altered peoples PERCEPTION of what the state of a company is.
     
  9. macrumors 65816

    Foxer

    Joined:
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    Location:
    Washington, DC
    #9
    Re: Re: Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    As recently as yesterday Mossberg, the tech columist for the Wall Street Journal, said that apples were the best product on the market for basic users who wanted music, photos and film editing. He loved the 17-inch PB, the iPod, and just about every other Apple product I can remember.


    Oddly, I think of journalists (as left-leaning by nature) as favorably pre-disposed to Apple.
     
  10. macrumors regular

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    Location:
    Knoxville Tenneesse
    #10
    Ubergeek got owned,hahahahahaha

     
  11. macrumors 68000

    MacFan25

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    #11
    From the WSJ articles that I have read on Apple, they don't seem to "diss" Steve or Apple.
     
  12. macrumors 68000

    topicolo

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    Location:
    Ottawa, ON
    #12
    I think Steve deserved the dissing because the company is majority owned by the shareholders, not Jobs. The role of Jobs and the board of directors is to run Apple profitably and Job isn't doing that by sucking up a quarter's worth of profits every year.

    Pretty disgusting in my opinion. That money should be going into R&D or it should be going into shareholders' pockets as a dividend.
     
  13. macrumors member

    Joined:
    Feb 3, 2003
    #13
    Jobs and Crew Doing Just Fine

    Over half of my retirement savings is in Apple stock, and I happen to be damned pleased with Mr. Jobs and the direction he's been taking this company.

    Biz journalists and market analysists are all predisposed to a "What have you done for me this moment?" attitude, based on whatever the previous day's closing stock price might have been.

    Since Apple doesn't pay a stock dividend, my decision(s) to purchase the stock has been made solely on my expectation of long-range capital appreciation. Just as with the stock market, in general, I don't give a flying flip about the current spot price... if Apple sinks to $10 tomorrow, I won't care, and most likely won't even notice. What I care about is what the stock's going to be worth in 2016, not 2003.

    Capitalizing on Apple's brand power potential in the consumer electronics and digital entertainment media markets is a growth strategy I think is smart.

    Think Strategic
     
  14. macrumors 68000

    topicolo

    Joined:
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    Location:
    Ottawa, ON
    #14
    Half your retirement savings in Apple??!?!?
    Whoa. I guess the dot-com lesson didn't sink in with everybody. Not that I don't like apple or anything, but if you're going into apple for the long term, expecting to be well rewarded, well they've actually LOST 50% of their value in the last 10 years.link

    Personally I would never buy a company that I like, I would only buy companies that I KNOW would appreciate. Emotions just screw up my investing.

    Good luck with your investment
     
  15. macrumors newbie

    Joined:
    Jul 16, 2002
    Location:
    Vancouver, WA
    #15
    That's exactly the opposite of Peter Lynch's strategy. I think buying companies you know is a pretty good strategy, unless you think that other people don't like the stuff you like.
     
  16. macrumors 65816

    NavyIntel007

    Joined:
    Nov 24, 2002
    Location:
    Tampa, FL
    #16
    Re: Re: Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    Yeah man, Macworld. I've never seen them give any Apple product less than 4 mice.
     
  17. macrumors 603

    shadowfax

    Joined:
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    Location:
    Houston, TX
    #17
    Re: Re: Re: Re: Re: Did anyone see SJ getting Pilloried on CNN last night?

    i think i have seen an apple with a 3.5. maybe a 14 inch iBook. but they are a computer magazine, and she is talking about non-tech journalists.
     
  18. macrumors 603

    rainman::|:|

    Joined:
    Feb 2, 2002
    Location:
    iowa
    #18
    i've read at least two articles in the past two years in the new york times proclaiming Apple as the standard to which all other companies should be judged-- they loved them in everything but price if i remember right...

    pnw
     
  19. Gus
    macrumors 65816

    Gus

    Joined:
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    Location:
    Minnesota
    #19
    Too much of what has been happening with the stock market since the dot com crash has been simple prognostication. All of these analysts are guessing on a lot of things. The market takes huge swings in consecutive days based on unfounded rumors or because Greenspan had eggs instead of oatmeal for breakfast.

    Yes, Apple's stock is in the toilet right now. They dropped almost $2.00 last week for no good reason whatsoever. RUMORS from this site and from the L.A. Times caused a crash inthe price with no reason behind it. No one in the "market" knows what SJ will give us tomorrow, and if they do, they are guilty of insider trading. Yes, the stock took a big hit in 2000, but it was because they issued a stock split. The shares went from $52.00 to $26.00 in a day, which a lot of anaylists have pointed out in articles throughout the years, but they always fail to mention the stock split. I have no faith in the market right now. I think there is too much happening willy-nilly in the brokerages as far as their research is concerned.

    That said, SJ did in fact resurrect Apple, but he needs something big soon, or we may have to beg Woz to come back too. :)

    Regards,
    Gus
     
  20. Gus
    macrumors 65816

    Gus

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    #20
  21. macrumors 68000

    topicolo

    Joined:
    Jun 4, 2002
    Location:
    Ottawa, ON
    #21
    But that's the same as saying that you'll put $10k into a company because it's cool. Liking has nothing to do with whether a company is a good investment or not--only good reasons can make a company a good potential investment (unless you like gambling).
     
  22. macrumors 68000

    topicolo

    Joined:
    Jun 4, 2002
    Location:
    Ottawa, ON
    #22
    After him, we'll start running out of original founders to drag back. :)

    Apple needs to find new income sources--it's obvious from their growth in the last decade that they can't grow at any spectacular rate by just sticking with making macs; they need to find some new market to help them stay profitable and grow into the behemoth they deserve to be.
     

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